Word: investor
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Dates: during 1960-1969
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...owners of individual apartments, who are then free either to live in them or to rent them to tourists. A typical two-room Aluli co-op hotel apartment costs $15,100, with $4,500 down and a $75 monthly mortgage payment for 25 years at 7% interest. An investor can earn 10% on his initial investment if his apartment is rented only 15 days a month...
WHAT every investor wants to know is how to make money in the stock market. Wall Street has no end of theories on how to do it, but seldom has there been so much doubt about what the market is going to do. For this reason, in today's uncertain market, the technical experts, or chartists, who keep careful check on the slightest fluctuations of hundreds of stocks are most carefully listened to. Like horse-race handicappers, they try to guess the future on the basis of past performances...
...easiest ways to predict the future, according to a widely held Wall Street belief, is to assume that the public-or small investor-is wrong in sensing major changes in the market. Thus such chartists as Jacques Coe, senior partner of Jacques Coe & Co., keep close tab on whether the public is buying or selling by watching the trading in odd lots (fewer than 100 shares). Coe contends that the public is timid about buying as the market rises, usually buys heaviest near...
...buying or selling to catch the highs and lows. They contend that the way to profit is to buy a stock only after an exhaustive investigation, then hold it. They admit that the chartists often call the turn of a market trend. But in the long run, the investor who picks the right stock in the first place and has the courage to hold it does best. The right stocks will go up, no matter what happens to the rest of the market...
Another sign of encouragement was the continued buying of the small investor. A Merrill Lynch, Pierce, Fenner & Smith survey taken in October showed that more than 62,000 of its customers intended to buy securities into mid-1960, and only 9,800 planned to sell; 53,400 planned both to buy and sell, and 17,600 planned to make no investment changes. Last week Merrill Lynch reported that its customers had meant what they said: they bought 871,000 shares more than they sold in January, and 396,000 more through...